Japan's wholesale prices inch up at the fastest pace in 9 years

Japan's wholesale prices inch up at the fastest pace in 9 years

In September, Japanese wholesale prices tacked on at the fastest annual pace for nearly 9 years. It’s because of ascending prices for metals, gasoline as well as agricultural products. However, the revenues won't necessarily drive the Asian country's notoriously poor inflation.

Financial experts actually expect consumer prices to edged up only gradually because a great number Japanese companies are used to absorbing higher input costs rather than lifting prices, thus making it difficult for the BOJ to meet its 2% inflation objective.

In September, wholesale prices leapt 3% from 2016, jumping for the ninth straight month, as BOJ data disclosed on Thursday.

September's revenues demonstrated the fastest wholesale price surge since October 2008, excluding the effect of the country’s sales tax lift in 2014.

In September, Japanese bank lending grew 3% versus last year, as separate data revealed.

 

 

 

Similar

China's 2017 GDP surge steps up for the first time for 7 years

During the fourth quarter of 2017 China's economy tacked on faster than anticipated because an export revival helped the country to report its first annual acceleration in surge for seven years, thus defying worries that intensifying curbs on industry as…

Daily News: Thursday, January 18

A lot of important events happened in the economic world, do not miss them! Reports of the Australian labor market in December 2017 were delivered at night on January 18…

Popular

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera